AUDNZD shortMonthly
1 touch 2 touch makes a trend line
3rd touch usually completes the trend
Weekly
1 touch 2 touch makes a trend line.
3rd touch to complete the trend.
1. Market has reached psychological level
between 1.09100 and 1.10000.
2. Looking for 1 more weekly rejection candle to
support bearish momentum to the down side.
3. Looking for confirmation in the lower time
frame to take a sell.
4H
1. Waiting for price to retest 1.09500 or break up
and even get to 1.09600 and create a zone to
break out off heading down
2. If price respects 1.09500 and rejections candles
are created will be looking to take a sell down
to 1.08200
Audnzdshort
AUDNZD NEW ANALYSIS!Hi Traders, here is the full Video UPDATE Analysis / Breakdown for AUDNZD.
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AUDNZD, 4hr tf, double top pattern with ichimoku confirmationHello my friends,
This pair come into my forex screener and i saw a promising setup to it.
A double top pattern on the 4hr timeframe, price also already broken below the neckline and retested it.
I got another confirmation from the ichimoku as price also broken below he bullish cloud. It also show sign that price could continue it declines as the cloud start turning red.
Sell AUDNZD @1.0930
Stop loss @1.0970
Take profit 1 @1.0880
Take profit 2 @1.0830
Use only 1-2% risk
Good luck
Disclaimer : i sold this pair at 1.0930 as well
AUDNZD DOUBLE TOPHello traders!
AUDNZD is at resistance area and is forming a double top pattern. Price is overbought and in need of some retracement. Price is forming double top formation with MACD divergence confirmation.
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Sell Opportunity For AUDNZD!!! As we can see, I will be expecting the elliot wave movement to end soon with possible retracement movement. If we look into the price movement, we can see price moving up slightly to a potential resistance area (red area) where I will expect to see a nice rejection off there. As for retracement level, I will seeing it moving towards 1.0795 level where there is a rather strong support level with a nice 50.0 fib retracement if it moves toward that area. As of now, I will be looking for a BEARISH movement for this pair with possible retracement waves taking over.
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AUDNZD - SWING - 24. AUGU. 2020Welcome to our weekly trade setup ( AUDNZD )!
-
1 HOUR
Very bullish price action and pressure.
4 HOUR
Jumping on midterm uptrend with good long entries!
DAILY
Overall bullish market in consolidation, looking for another push.
-
FOREX SWING
BUY AUDNZD
ENTRY LEVEL @ 1.09650
SL @ 1.09360
TP @ 1.10310
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDNZD REAL DEAL OR TRAP ? BEARISH REVERSALHI HOPE YOU ARE DOING WELL ! I JJST SAW THIS MAYBE DOUBLE TOP FORMING ON THE H1 (MORE VISIBLE ON M15) AT THE PREVIOUS SWING HIGH. THERE IS ALSO A BEARISH DIVERGENCE. HOWEVER, IT SEEMS TOO GOOD TO BE TRUE AND I WOULD BE AWARE BEFORE TAKING THIS TRADE. AS WE ALL KNOW THERE ARE A LOT OF STOP-LOSS = LIQUIDITY ABOVE RECENT HIGHS SO I WOULDN'T BE SURPRISE TO SEE A STRONG PUSH TO THE UPSIDE TO TAKE OUT THIS LIQUIDITY ZONE AND THEN A BEARISH IMPULSE TO THE DOWNSIDE. OR IT COULD JUST BREAK THE NECKLINE OF THE DOUBLE AND CREATE AN IMPULSIVE BEARISH WAVE
I think a reversal is imminentHere is why:
1. Price just made a big rally up and is way overextended on every timeframe.
2. Price has reached a key trendline where it has bounces to the downside before since September 2013!
3. The RSI has reached the indicator strength trendline where it should respect it since this pair likes to form RSI trendlines!
AUDNZD H4 SHORT PRICE ACTION FORECAST With the price unable to break through the supply zone and the bearish divergence from the RSI indicator, we could expect a reversal in the price before any further upward movement.
This pair could experience a healthy technical correction towards the Fib level 5.0 before getting a next impulse to register a new high. The current scenario allows the setup of a short order to capture the correction.
The order:
Type: sell-stop
S/L: 31 pips - R:R | 1:4 -
T/P: Fib golden level
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AUD/NZD entering resistance zone💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
AUD/NZD is entering resistance zone as price is bullish and in uptrend. We might see a down movement at least till MA indicator shown in chart.
Let us know what you think about this idea.
Trade safe !
AUD/NZD STRUCTURE SHORT|
The pair is trading near the resistance of an upward channel, while also having reached a strong horizontal level.
Therefore, the expected move direction is down.
The yellow square indicates the resistance confluence zone.
Keep your sell limits in the square area, and short if the price spikes there.
Thank you for reading, like and subscribe and have a nice day!